300 German savings banks to roll out their own NFC mobile payments app at the end of July

Mobile payment: Sparkassen app to be available at the end of July — Heise Online (translation) — “A beta version is currently available in the Android Play Store. However, this only works with the accounts of selected savings banks whose employees and customers are putting the system through its paces. At the launch date at the end of July, around 300 savings banks will be there, a spokesman for the savings bank subsidiary S-Payment told Heise Online… Because the savings banks are following their own plans for mobile payment, their customers can not use their credit cards with Google Pay.”


Line Pay aims to convert 1m Japanese merchants to QR payments with free transactions for three years

Japan’s Line Pay throws down gauntlet to Alipay — Nikkei Asian Review — “Line has sought to minimize the hassle for retailers by allowing the retailer to use the service by simply downloading a free app on a smartphone… Retailers can also send messages to individual shoppers later, such as sales promotions. The service can be used free of charge for the next three years… There are also incentives for customers, offering them loyalty points valued at 3% to 5% of every purchase they make with Line Pay.”


JPMorgan Chase to reward mobile-only bank account customers for using key features

JPMorgan Chase takes smartphone account ‘Finn’ nationwide — Reuters — “JPMorgan is offering $100 to people who open accounts and complete 10 transactions of certain types, such as sending money to another person or paying a bill. The incentive is designed to make customers familiar with using the app, said Melissa Feldsher, head of Finn. She believes customers will stick with the accounts after seeing they can automatically make deposits to their savings accounts, such as moving $2 from their checking account every time they spend $5 with the app at a Starbucks coffee shop.”


Canadian banks and carriers to roll out digital ID platform

Canadian mobile digital identity service to launch this fall — IT World Canada — “A long-awaited Canadian mobile digital identity validation service supported by Canada’s biggest banks and telcos will launch this fall… Called Verified.Me, the service installs an app on a mobile device that confirms a user’s identity, allowing businesses and governments to immediately do transactions without demanding proof of identity.”


PayPal takes its Venmo P2P service in-store with new debit card

Take your balance shopping with Venmo card — Venmo — “With the Venmo card, you can use your Venmo balance in more places… Low Venmo balance? We’ll use your linked funding source to reload your Venmo balance so you can make that card purchase… For those with Venmo notifications enabled, you’ll be notified on your phone with each swipe. And, we aim to alleviate the panic that comes with losing a card: just a few taps in the app, and boom — your card is disabled.”


Dollar General lets customers check out on their mobile phones

Dollar General pilots mobile checkout app — Progressive Grocer — “Tennessee-based Dollar General is the latest food retailer and first dollar-store chain to move into mobile checkout… Users will receive a receipt immediately via the app and via email. Any digital coupons are applied automatically when customers scan items, and the app alerts users regarding any additional discounts or promotions.”


National Bank of Canada lets merchants accept contactless payments on their Samsung smartphones

National Bank launches Easy Pay, a mobile point-of-sale solution enabling Canadian SMEs to accept contactless payments — National Bank of Canada — “With Easy Pay, merchants can accept payments in person using a compatible smartphone — no peripherals required. After registering for the Easy Pay solution, they simply download the Easy Pay app in order to accept payments from customers using an eligible contactless credit card or via the customer’s digital wallet.”


UK government to use NFC to verify residency status of EU citizens after Brexit

Brexit: Three ‘simple’ questions for EU citizens to stay in UK — BBC — “Applicants with Android phones will be able to download an app which can read the chip in their passport to verify their identity — and they will be able to take a ‘selfie’ that can be checked against Home Office records, said Mr Javid. But he said there was an ‘an issue at the moment’ with Apple device users, who will not be able to make use of this app, and instead will have to send in their passport to prove their identity… The home secretary said he had raised the issue with Apple on a recent visit to Silicon Valley and the company was ‘looking at it actively’.”


Mastercard unveils smart mirror that lets shoppers make payments in the fitting room

Mastercard to shake up shopping with new Smart Mirror with payment function — The Industry — “The mirror recognises products as they enter the fitting room, creating a virtual shopping basket and a multi-sensory shopping experience. It allows shoppers to change lighting and language, view/request size and colour variations, seek out further recommended items, request garments to be brought directly to the fitting room and finally, pay seamlessly and instantly by tapping the mirror with a card, payment device or through the app.”


Transport for London adds in-app contactless journey tracking

Contactless journeys now available to view on the go via free TfL app — Transport for London — “Customers using contactless payment cards in London can now view their journey history on the go following the latest update to the free TfL Oyster and contactless app. Half of all Tube and rail ‘pay as you go’ journeys in London are now regularly made using contactless payment cards or mobile devices.”


Mastercard to pilot cardless ATM withdrawals

It’s app, tap and go at ATMs thanks to Mastercard and Diebold Nixdorf — Mastercard — “Here’s how it works: Consumers open their bank’s app on their smartphone. They use the app to find nearby ATMs, choose the amount they want to withdraw and see the associated fees. Once at the ATM, they quickly snap or tap, often by scanning a QR code, authenticate using optional biometrics on device, and take the dispensed cash.”


Apple Pay adds ‘order ahead’ support

Apple Pay tests ‘order ahead’ for drinks at music festivals — Techcrunch — “Last week’s BottleRock music festival near San Francisco was the first to try a new “order ahead with Apple Pay” feature that Apple hopes to bring to more events. You just open the festival’s app, select the closest concession stand, choose your drinks, Apple Pay with your face or fingerprint and pick up the beverages at a dedicated window with no queue.”



Australian banks launch Beem It P2P payments app

Big bank-backed Beem It launches Aussie payments app — ZDNet — “The Commonwealth Bank, NAB, and Westpac joined forces to create Beem It, allowing the real-time transfer of funds… The app enables sending and receiving money, with an interface reminiscent of a social media app… ‘It’s using Eftpos, and Visa debit card payment rails,’ Beem It chief product and development officer Deepesh Banerji said.”



Bank of America adds AI assistant to mobile banking app

Bank of America delivers first widely available AI–driven virtual financial assistant — Bank of America — “Bank of America is rolling out the first widely available AI-driven virtual assistant of its kind in financial services, Erica, to its 25 million mobile clients… Erica is designed to learn from clients’ behaviours over time, helping them accomplish simple to complex tasks within the mobile banking app with easy-to-follow prompts. Clients can interact with Erica any way they choose, including texting, talking or tapping options on their screen.”



Samsung Pay adds cashback deals ‘from leading retailers’

A more holistic mobile shopping experience with Samsung services — Samsung — “In the new Cash Back section of the Samsung Pay app’s home screen, users will find a range of exclusive offers from leading retailers. When they click on the offer they want and complete a purchase through the participating merchant, the user will receive a percentage back on their purchase which they can then spend toward a purchase — anywhere they use Samsung Pay.”


Safaricom to launch messaging service that leverages M-Pesa for payments

One of the world’s biggest mobile money services wants to become a social network — Quartz — “The messaging service, known as Bonga (which means “to chat” in colloquial Swahili), was partially launched on April 26, in closed beta testing for select users on Android devices, according to documents seen by Quartz. The app will allow users to review their balance on M-Pesa, besides letting customers transact money without leaving the platform.”


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